29/04/2021

An Investment Agreement which subsequently converted into a Settlement agreement with a payment schedule between the parties fails to fall within the definition of a financial debt and the Applicant herein is a not a Financial Creditor as per the provisions of the IBC – M/s. GVFL Trustee Company Pvt. Ltd. Vs. M/s. Ultravolt Power Pvt. Ltd. – NCLT Chennai Bench

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An Investment Agreement which subsequently converted into a Settlement agreement with a payment schedule between the parties fails to fall within the definition of a financial debt and the Applicant herein is a not a Financial Creditor as per the provisions of the IBC – M/s. GVFL Trustee Company Pvt. Ltd. Vs. M/s. Ultravolt Power Pvt. Ltd. – NCLT Chennai Bench Read Post »

Applicant has failed to prove the Operational Debt payable and default by Corporate Debtor hence, the Application is rejected – Metenere Limited Vs. K N Tradingpvt. Ltd.-NCLT New Delhi Bench Court-IV

/ 1 minute of reading

Login with GoogleOR Username Password Remember Me     Forgot Password In case you’ve already logged in, click here

Applicant has failed to prove the Operational Debt payable and default by Corporate Debtor hence, the Application is rejected – Metenere Limited Vs. K N Tradingpvt. Ltd.-NCLT New Delhi Bench Court-IV Read Post »

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